CSX appoints a new vice president and controller, while Volga-Dnepr hires commercial director.
SCPA volumes continue to slip in February
Port terminals operated by the South Carolina Ports Authority (SCPA) handled 168,480 TEUs of containerized cargo for the month, a 4.2 percent year-over-year decline, as the authority began construction on the Charleston Harbor Deepening Project.
VW to charter two LNG-fueled ships
Volkswagen Group Logistics will charter the two roll-on/roll-off vessels capable of handling 6,500 vessels each from Siem Car Carriers AS.
ZIM turning the corner financially?
The Israeli ocean carrier posted a net profit of $11 million for the full year in 2017 compared to a net loss of $163 million in 2016 despite reporting a $10 million loss in the fourth quarter, according to the company’s most recent financial statements.
GSP renewal language included in omnibus spending bill
An over 2,000-page bill to keep the government funded through Sept. 30 included language to renew the U.S. Generalized System of Preferences (GSP), which lapsed Dec. 31, 2017.
ZIM drops Halifax call in favor of feeder
The Israeli ocean carrier will drop a call at Halifax on its ZIM Container Service Pacific loop, but will launch a feeder service, dubbed the Canada Florida Express, which will call the Canadian port, as well as Miami and Kingston.
U.S. to impose $50b in tariffs against China
A Trump administration review found that the country’s government is forcing unfair technology and intellectual property transfers from U.S. companies, which allows the White House to impose trade remedies pursuant to a 1974 statute.
Trump asks Congress to extend trade authorities
President Donald Trump on Tuesday asked Congress to extend Trade Promotion Authority by three years to July 1, 2021.
ATA: Truckload driver turnover slows in Q4 2017
The annualized driver turnover rate at both large and small truckload (TL) carriers fell during the final quarter of 2017 compared with the previous three-month period, but rose when compared with fourth quarter 2016.
PSA profits grow on rising revenues, volumes
Singapore-based port terminal operator PSA International increased its earnings 5.1 percent to 1.23 billion Singapore (U.S. $936.3 million) in 2017, as revenues and container volumes climbed 7.8 percent and 9.8 percent, respectively, from the prior year.